428 S Sultana Avenue, Ontario, California 91761, Ontario, 91761 - bed, bath
ACTIVE$830,000
428 S Sultana Avenue, Ontario, California 91761
0Bed
0Bath
1,980Sqft
3,750Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Modern Renovation: The property has undergone a comprehensive 'to the studs' renovation, including new electrical, plumbing, windows, insulation, roof, and interiors, ensuring modern standards and reduced immediate maintenance.
Top Cons:
Original Structure Age: Despite extensive renovations, the property's original build year of 1935 could still harbor underlying structural or historical property considerations not fully addressed by the remodel.
Compared to the nearby listings
Price:$830.0K vs avg $830.0K (+$0)50%
Size:1,980 sqft vs avg 1,951 sqft60%
Price/sqft:$419 vs avg $46140%
More Insights
Built in 1935 (90 years old).
Condition: Despite the original build year of 1935, the property has undergone a complete 'to the studs' renovation. This includes all new electrical, plumbing, windows, insulation, drywall, flooring, roof, bathrooms, kitchen, mini-split AC units, and tankless water heaters. The residential kitchen shown in the images features modern dark cabinetry, dark countertops, stainless steel appliances, and contemporary tile flooring. All major systems and interior finishes are new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Year Built
1935
Close
-
List price
$830K
Original List price
$830K
Price/Sqft
$419
HOA
-
Days on market
-
Sold On
-
MLS number
CV25129268
Home ConditionExcellent
Features
View-
About this home
These exceptional units are in the City of Ontario. Mixed use, Residential and commercial zoning. Units are completely remodeled and demolished to the studs with City plans that called all new electrical and new meters. New copper plumbing throughout, new windows, insulation drywall, flooring, roof bathrooms, kitchen, new mini split AC units on all three. They have tankless water heather. Two units are residential, the first unit has 3 bedrooms, 1 bathroom and laundry room the second unit has 1 bedroom 1 bath, third is a permitted commercial unit. Plans have been submitted to the City to add a 4th unit for an ADU. All three units are currently occupied, long term tenants. Conveniently located close to public transportation, restaurants, interstate 10 Freeway, Ontario Airport, Ontario Mills Mall and Victoria Gardens. Great opportunity to generate residential and commercial rental income.
Condition Rating
Excellent
Despite the original build year of 1935, the property has undergone a complete 'to the studs' renovation. This includes all new electrical, plumbing, windows, insulation, drywall, flooring, roof, bathrooms, kitchen, mini-split AC units, and tankless water heaters. The residential kitchen shown in the images features modern dark cabinetry, dark countertops, stainless steel appliances, and contemporary tile flooring. All major systems and interior finishes are new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons
Pros
Extensive Modern Renovation: The property has undergone a comprehensive 'to the studs' renovation, including new electrical, plumbing, windows, insulation, roof, and interiors, ensuring modern standards and reduced immediate maintenance.
Mixed-Use Income & Zoning: Offers a unique blend of residential and commercial income streams, supported by flexible mixed-use zoning, diversifying revenue and appeal.
ADU Expansion Potential: Approved plans for a 4th ADU unit present a clear opportunity to significantly increase rental income and property value in the near future.
Immediate Occupancy & Income: All three units are currently occupied by long-term tenants, providing immediate and stable rental income for the new owner.
Strategic Location: Situated in a highly accessible area of Ontario, close to major transportation hubs (I-10, Ontario Airport), public transit, and popular retail/entertainment centers (Ontario Mills, Victoria Gardens).
Cons
Original Structure Age: Despite extensive renovations, the property's original build year of 1935 could still harbor underlying structural or historical property considerations not fully addressed by the remodel.
Potential Below-Market Rents: The presence of 'long term tenants' often suggests that current rental rates may be below market value, potentially limiting immediate income optimization for a new owner.
ADU Completion Responsibility: While plans are submitted, the addition of the 4th ADU unit is not yet complete, requiring the new owner to undertake the construction, associated costs, and management of the project.